Insiders have been selling shares
April 6, 2023
Trending News ☀️
PEAPACK-GLADSTONE ($NASDAQ:PGC): Peapack-Gladstone Financial Corporation is a bank holding company headquartered in Bedminster, New Jersey. Shareholders of Peapack-Gladstone Financial Corporation may have noticed that the company’s insiders have been selling their stock, which wouldn’t be unexpected. Insider selling can happen for any number of reasons, such as to diversify their portfolio or as part of their retirement planning. Investors should do their own due diligence before investing in the company’s stock to ensure they understand all aspects of the potential investment.
Market Price
On Monday, Peapack-Gladstone Financial Corporation (PEAPACK-GLADSTONE FINANCIAL) stock opened at $29.8 and closed at $30.0, up by 1.2% from its previous closing price of $29.6. This increase in price has likely gone unnoticed by PEAPACK-GLADSTONE FINANCIAL shareholders, considering that the company has been the subject of recent insider selling. Insiders are officers, directors, or a person holding 10% or more of the company’s stock who have access to information that may not be available to the public.
Therefore, this activity can be an indication of a company’s prospects. In this case, the insiders selling of PEAPACK-GLADSTONE FINANCIAL stock could signal concern over the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Peapack-gladstone Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 74.25 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Peapack-gladstone Financial. More…
| Operations | Investing | Financing |
| 118.9 | -356.07 | 280.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Peapack-gladstone Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.35k | 5.82k | – |
Key Ratios Snapshot
Some of the financial key ratios for Peapack-gladstone Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted an analysis of PEAPACK-GLADSTONE FINANCIAL‘s wellbeing and found that it has an intermediate health score of 6/10 by considering its cashflows and debt. This indicates that the company is likely to sustain future operations in times of crisis. Furthermore, PEAPACK-GLADSTONE FINANCIAL is strong in growth, asset, and dividend, and medium in profitability. Based on these findings, we have classified PEAPACK-GLADSTONE FINANCIAL as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. With this in mind, investors who are looking for higher returns but are comfortable with taking on more risk may be interested in such a company. More…
Peers
The bank has $5.7 billion in assets and operates 78 branches in New Jersey and New York. The bank’s primary competitors are Glarner Kantonalbank, BOK Financial Corp, and Ledyard Financial Group Inc.
– Glarner Kantonalbank ($LTS:0QV3)
Glarner Kantonalbank is a regional bank based in Glarus, Switzerland. The bank was founded in 1862 and has a market capitalization of 336.15 million as of 2022. The bank provides a range of banking and financial services to individuals and businesses in Switzerland.
– BOK Financial Corp ($NASDAQ:BOKF)
The company’s market cap is 7.02B as of 2022. The company is a leading provider of financial services in the United States, with operations in all 50 states. The company offers a full range of banking, asset management, and mortgage services to consumers, businesses, and institutions. The company has more than 2,000 branches and over 8,000 ATM’s.
– Ledyard Financial Group Inc ($OTCPK:LFGP)
Ledyard Financial Group Inc is a bank holding company. The Company’s principal business activity is owning and operating Ledyard National Bank, a full-service community bank offering a range of deposit, lending, and other financial services to individuals, businesses, and organizations in central New Hampshire and Vermont. As of December 31, 2016, the Company operated through 18 banking offices located in New Hampshire and Vermont.
Summary
Investing analysis of Peapack-Gladstone Financial Corporation reveals that the company generally has strong fundamentals and financials. The stock has a stable dividend yield and low debt-to-equity ratio. Recent insider activity suggests that insiders have not been selling their stock despite a recent fall in share price. This could be a good sign for potential investors as it indicates that insiders have faith in the company’s future.
Further, the company’s balance sheet provides evidence of a strong capital position and low risk. Overall, it appears that Peapack-Gladstone Financial Corporation is a solid investment option for investors interested in long-term growth.
